Today’s dollar in Colombia: check the exchange rate for this Thursday, March 3, 2022

The price of the US dollar in Colombia fell on Wednesday, amid a respite from the conflict between Russia and Ukraine due to the rebound in oil prices and comments by the president of the Federal Reserve (Fed) on interest rates that investors were reassured.

The negative effect of the crisis between Russia and Ukraine was offset by the rise in crude oil, an important generator of foreign exchange for countries in the region, which exceeded US$110 a barrel.

“The Latin American region, unlike other emerging regions, has very few commercial relations withn Russia, with which the direct impact is less and also exports many commodities, in particular oil, coal and gas, which today are benefiting,” explained Camilo Pérez, chief economist at Banco de Bogotá, according to the Reuters agency.

Meanwhile, the benchmark index of the Colombian stock market, the MSCI COLCAP, lost 0.54% in the previous day.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MARCH 3

The exchange rate was quoted with a fall of 1.16% to 3,838 Colombian pesos per dollar, according to data from the Reuters agency.

MAXIMUM AND MINIMUM QUOTATION OF THE DOLLAR IN COLOMBIA IN 2021

In 2021, the US dollar was exchanged at a maximum of 4,033.25 Colombian pesos, while its lowest level was 3,412.80.